Property profile

6511 Central Ave Toledo, OH 43617

OFF-MARKET
Retail space
Property ID
US66-2313079
10,304 SF 2.12 ac lot Built 1986
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,512 square foot multi-use property, located at 6511 Central Avenue in Toledo, Ohio (zip code 43617), presents a unique investment opportunity. Classified as special purpose, the building currently offers a mix of retail, office, and restaurant space under multiple tenancies. One space, measuring 1,000 square feet, is immediately available. The property enjoys a prime location on Central Avenue, offering excellent visibility and accessibility, with convenient access to I-475. This high-traffic area boasts a strong concentration of established businesses, including prominent national chains such as Buffalo Wild Wings, Meijer, Bob Evans, Walmart, and Taylor Hyundai, ensuring high foot traffic and potential customer base. Situated in Lucas County, Ohio, this property is well-positioned to benefit from the area's economic growth and robust retail environment. The building's versatile layout makes it suitable for a variety of uses, providing flexibility for potential tenants and investors. This is an excellent chance to acquire a well-located commercial property in a thriving Toledo neighborhood. Detailed financial information and lease terms are available upon request.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1986
Total area 10,304 SF
Lot 2.12 ac (92,347 SF)
Zoning code 20-MX
APN 78-58967
UPID US66-2313079

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop
  • Hair Salon
  • Tanning Salon
  • Hair Salon Nail Salon
  • Training Center Sports School

Location

6511 Central Ave Toledo, OH 43617-1442
Toledo metro Census 9205 TOLEDO, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$725k
CAP Approach CAP
by Request
Comparable Approach Comparable
$416k
Blend (final) Blend
$795k

Owner & transaction history

since 2020
Last sale
$605,000
7 recorded transactions
2025
Price N/A
2020
$605,000
2011
$750,000
2009
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

20-MX · Toledo, OH
Top alternative use upside
Medical building $765,000 +14.1%
Auto repair, garage $745,000 +11.1%
Neighborhood: shopping center $725,000 +8.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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